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Chairman of Lotte Receives Suspended Sentence

Chairman of Lotte Receives Suspended Sentence

On Friday a court in Seoul found Shin Dong-bin the Chairman of the Lotte Group guilty of embezzlement and breach of trust and promptly gave him a prison sentence of 20 months, that was suspended for two years, which leaves him free... 
Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

The Bank of New York Mellon froze $22 billion in assets that the Kazakhstan National Fund holds due to a lawsuit that was launched by Anatolie Stati a Moldovan businessman and his businesses against the government of Kazakhstan, said... 
Lyft Begins Service in Canada Its First International Venture

Lyft Begins Service in Canada Its First International Venture

U.S. based Lyft Inc. the ride-hailing company launched on Tuesday its service north of the border in Toronto, marking its first venture outside the U.S. in its battle against Uber Technologies. Lyft prides itself on being a friendlier... 
U.S. Embassies Expect Possible Violent Backlash Over Jerusalem

U.S. Embassies Expect Possible Violent Backlash Over Jerusalem

Several United States embassies throughout the Middle East are warning of backlash that they labeled potentially violent in response to the decision by U.S. President Donald Trump to recognize Jerusalem as the official capital of Israel. The... 
Sanofi Cooperating On Vaccine for Dengue with Government

Sanofi Cooperating On Vaccine for Dengue with Government

Sanofi, the maker of a dengue fever vaccine, which is suspended in the Philippines following a recent study that showed more of a risk of severe cases for people without a prior infection, said on Monday it was working with officials... 
OPEC Says Cuts in Oil Supply Will Extend Through 2018

OPEC Says Cuts in Oil Supply Will Extend Through 2018

The largest producers in OPEC have signaled that they would extend the cuts in the production of oil through the end of 2018 to complete the job of rebalancing the oversupplied world market. Saudi Arabia, Iran and Iraq the three top... 
Single’s Day: World’s Biggest One Day of Shopping Sets Record

Single’s Day: World’s Biggest One Day of Shopping Sets Record

Chinese consumers continue spending billions of dollars while shopping online for things from dog supplies to diamonds during Single’s Day, which is a once-a-year promotion that has ballooned into the largest e-commerce event worldwide. The... 
Sales of Toyota in China Expected to Have Steady Growth

Sales of Toyota in China Expected to Have Steady Growth

Toyota Motor Corp, the largest automaker in Japan by volume, has dropped to No. 3 amongst automakers from Japan in China, due to not having a presence in one of the key segments – a situation that experts now say will prevail beyond... 
Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Merrill Lynch, a unit of Bank of America, was fined on Monday in the amount of $45.5 billion by the Financial Conduct Authority in Britain for not reporting details of its trading in exchange-traded derivatives, the British market... 
Peace Helps Revive Colombian Coffee

Peace Helps Revive Colombian Coffee

Farmers who left the Colombian Andes during the civil war in the South American country are now returning to revive their abandoned farms, cultivating coffee that is boosting the supply globally of the high quality beans. The five-decade... 
Sidewalk Labs Turning Area of Toronto Into Smart City

Sidewalk Labs Turning Area of Toronto Into Smart City

Sidewalk Labs, owned by Alphabet the parent company of Google, focuses on technologies for smart cities, and will build a complete, mixed-use community in Toronto’s eastern waterfront, with the goal of building an area that is livable... 
Venezuela Will No Longer Accept Payment for Oil in U.S. Dollars

Venezuela Will No Longer Accept Payment for Oil in U.S. Dollars

In Venezuela this week the government announced that it would no longer be accepting payments in U.S. dollars for the oil it sells. This is a huge shift from typical practices in the oil market. The government is believed to have decided... 
Insurers Add Up Hurricane Costs in Monte Carlo

Insurers Add Up Hurricane Costs in Monte Carlo

While Hurricane Irma battered the state of Florida on Sunday, the top players in the world of insurance were gathered in sunny Monte Carlo assessing costs of the monstrous storm for the worldwide industry. Thus far insurers have said... 
Strongest Earthquake in Last Century Shakes Mexico

Strongest Earthquake in Last Century Shakes Mexico

On Thursday night, Mexico was hit was a massive earthquake. The quake was the strongest in over 100 years, shaking Mexico City buildings and killing dozens in the southern states of Oaxaca and Chiapas. The quake was felt as far away... 
Tiny Caribbean Islands Devastated By Irma Now Have Jose Approaching

Tiny Caribbean Islands Devastated By Irma Now Have Jose Approaching

As Hurricane Irma’s worst winds, rains and tide surges departed the reef-ringed beaches of Antigua and Barbuda on Wednesday, Prime Minister Gaston Browne proudly proclaimed that no other nation in the Caribbean would have been as... 
CBS Acquiring Ten Network in Australia

CBS Acquiring Ten Network in Australia

CBS Corp, the most watched TV network in the United States, said on Monday it would acquire Ten Network Holdings, its largest customer in Australia, and would launch a streaming service in Australia as well. Through this deal, the... 
China Exports and Imports for July Weaker Than Were Expected

China Exports and Imports for July Weaker Than Were Expected

China’s imports and exports expanded much less than had been expected during July, increasing the worries over if global demand was beginning to cool even as major central banks across the West consider pulling back on years of huge...